If you have ever set-up a business the you may well know that in the beginning you usually end up doing everything yourself This includes everything from invoicing to tidying the office as well as doing all of the paid work as well.
If your business starts to grow, you can find yourself with less and less time available to carry out all of these extra tasks and at some stage you get to the situation where you can't do everything yourself and you stat looking around for people to help out. The first person that you should consider hiring is an accountant. But selecting the right accountant for your business isn't as easy as you might think. Here are some things to think about before you make your mind up.
Make sure that you select a qualified accountant for your business. There are many people who will offer to do your accounts for you and on the surface they may seem to carry out a good job but you can never be sure how good a job they are doing until the Inland Revenue ask to look in to your accounts in detail. When this occurs you really want the assurance of knowing that the person preparing you accounts is a professional and that they are up to date with all of the current tax legislation.
select a personthat you can have a good business relationship with. You will probably find that there is a divide between the larger more expensive accounting firms that specialise in certain areas of accounting and the smaller local accounting firms. For small to medium sized businesses, it is often easier to build up a strong working relationship with a small accounting firm also the service fees of a smaller accounting firm are also liable to be much more affordable.
Make sure that whoever you select, they are someone who understands how your business works. Small accounting firms operating in their local often have a more diverse portfolio of clients from different types of business. Ensuring that your accountant knows how your business operates is essential to them being able to carry out a good job for you so make sure that your accountant understands your industry and business set-up.
Ensure that the account you select is able to offer you a wide range of accounting services. Accounting isn't just about bookkeeping and spreadsheets, at the very basic level your accountant should be able to perform services such as filing your tax return for you and preparing financial statements. Many accountants will also measure your business performance, help with business and growth planning and support your management team.
Always ask questions before selecting and accountant nd make sure that you interview several accounts. Always compare the services that you get for the money that you are paying and compare several accountants like for like. Check to see if they already have clients in your area of business and see how deep there understanding of your business is.
If your business starts to grow, you can find yourself with less and less time available to carry out all of these extra tasks and at some stage you get to the situation where you can't do everything yourself and you stat looking around for people to help out. The first person that you should consider hiring is an accountant. But selecting the right accountant for your business isn't as easy as you might think. Here are some things to think about before you make your mind up.
Make sure that you select a qualified accountant for your business. There are many people who will offer to do your accounts for you and on the surface they may seem to carry out a good job but you can never be sure how good a job they are doing until the Inland Revenue ask to look in to your accounts in detail. When this occurs you really want the assurance of knowing that the person preparing you accounts is a professional and that they are up to date with all of the current tax legislation.
select a personthat you can have a good business relationship with. You will probably find that there is a divide between the larger more expensive accounting firms that specialise in certain areas of accounting and the smaller local accounting firms. For small to medium sized businesses, it is often easier to build up a strong working relationship with a small accounting firm also the service fees of a smaller accounting firm are also liable to be much more affordable.
Make sure that whoever you select, they are someone who understands how your business works. Small accounting firms operating in their local often have a more diverse portfolio of clients from different types of business. Ensuring that your accountant knows how your business operates is essential to them being able to carry out a good job for you so make sure that your accountant understands your industry and business set-up.
Ensure that the account you select is able to offer you a wide range of accounting services. Accounting isn't just about bookkeeping and spreadsheets, at the very basic level your accountant should be able to perform services such as filing your tax return for you and preparing financial statements. Many accountants will also measure your business performance, help with business and growth planning and support your management team.
Always ask questions before selecting and accountant nd make sure that you interview several accounts. Always compare the services that you get for the money that you are paying and compare several accountants like for like. Check to see if they already have clients in your area of business and see how deep there understanding of your business is.
About the Author:
Neil Houghton Bristol Accountants have over 25 years of experience looking after the accounting needs of a diverse range of businesses and can offer your company a very broad range of accounting services. Accountants Clevedon